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Tag: Harvey Blackwood

  • Harvey Blackwood: Disorganized Brexit Won’t Deter BoE

    Harvey Blackwood: Disorganized Brexit Won’t Deter BoE

    Harvey Blackwood survey reveals possible outcomes of Brexit negotiations.

    Press Release
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    updated: Oct 31, 2017


    SHANGHAI, October 31, 2017 (Newswire.com)
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    The probability of a messy Brexit has increased but is not enough to prevent the Bank of England from hiking rates for the first time in 10 years. According to a survey by Shanghai, China- based wealth management firm, Harvey Blackwood, economists believe that a rate increase would be a grave mistake.

    According to economists, there is now a 30 percent chance that the UK will exit the EU without any trade deal when negotiations spanning two-years reach their conclusion in March of 2019. This figure is up 5 percent from a survey of economists conducted by Harvey Blackwood in September.

    Economists at Harvey Blackwood believe that it is in the interests of all parties to come to an agreement regarding the terms of Brexit by 2019.

    Theresa May, Britain’s Prime Minister, gained some traction last week when EU officials indicated that they were ready to push forward with discussion in the coming months.

    According to the vast majority of economists surveyed by Harvey Blackwood, the most probable result of the Brexit negotiations is still a free trade agreement with a possible transitional deal.

    If this is not the case, economists believe the second option is that Britain will likely depart without a deal and will revert back to trading under the basic rules of the World Trade Organization.

    The third option would be that Britain would pay a fee to continue to enjoy unrestricted access to the European Union’s single market but would have no right to contribute to its structural policies.

    The most unlikely option was that the UK would change its choice to depart from the European Union.

    Press Contact: Asia News 247 – 76, Lane 478 Lujiabang Road, Shanghai, China. info@asianews247.com

    Source: Harvey Blackwood

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  • Harvey Blackwood – Greece Aims for Accelerated Growth

    Harvey Blackwood – Greece Aims for Accelerated Growth

    Harvey Blackwood – As Greece exits its third bailout, hopes are high for a strong economic recovery.

    Press Release
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    updated: Oct 4, 2017


    SHANGHAI, October 4, 2017 (Newswire.com)
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    Harvey Blackwood: According to the state draft budget revealed on Monday, Greece anticipates that economic recovery will accelerate next year when it plans to exit its bailout. Greece hopes that accelerated economic recovery will help to reduce joblessness and achieve a larger primary surplus.

    Greece has only just started to come out of a recession that persisted for several years. The recession destroyed nearly 25 percent of the Greek economy and pushed unemployment up to approximately 28 percent.

    Delivering the draft budget to the parliamentary speaker on Monday, Deputy Finance Minister, George Chouliarakis, stated that it would be the last under the terms of the bailouts the country received from the European Central Bank, the International Monetary Fund and the European Commission.

    According to the draft budget, Greece’s government predicts that the country’s economy will grow by 2.4 percent in 2017, up 0.6 percent on an earlier projected expansion for this year.

    Although unemployment will remain at almost twice the euro zone’s average of 9.1 percent, analysts at Shanghai, China-based Harvey Blackwood believe that it will decrease to around 19 percent from the existing 21.1 percent.

    On the economic front, Athens is targeting an optimistic primary budget surplus of 3.57 percent of gross domestic product GDP. This figure is slightly higher than that which was agreed upon with the country’s creditors. According to the draft budget, the government predicts that 2018 will better 2017’s primary surplus target by .45 percent.

    Athens agreed to a third international bailout halfway through 2015. The government plans to once again be granted unrestricted access to bond markets by next year when the bailout comes to an end.

    Press Contact: Asia News 247 – 76, Lane 478 Lujiabang Road, Shanghai, China. info@asianews247.com

    Source: Harvey Blackwood

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